Entrepreneur

• Personal Entrepreneurial Characteristics (PECs)


  Characteristics and Qualities of a Successful Entrepreneur
• PECs


  • Integrity
  • Self-discipline
  • People skills
  • Strong work ethics
  • Enthusiasm
  • Strong leadership skills
  • Rivalry
  • Well-organized
  • Sales abilities
• Integrity

  
  

  "Right is right even if no one does it" "Wrong is wrong even if someone does it."
• Self-discipline

  
  

  If you're starting a business from scratch, you'll be responsible for all job functions, including accounting, marketing, and customer service.
• Persuasion skills


  Will help you succeed
• You must have a positive attitude toward your company


  It will be easier to navigate the start-up process and other potential roadblocks.
• If you can outmarket and outperform your competitors


  Your chances of becoming a successful entrepreneur increase significantly.
• One of the leading causes of small business failure is a lack of organization.


  Everyone can develop organizational skills with enough effort, practice, and perseverance.
• Selling your ideas, products, or services requires the ability to connect with the emotions of other people.


  People do not purchase for rational reasons. They make emotional purchases.
• Along with the foregoing, an entrepreneur must be innovative.
• Achievement Cluster

  
  

  Entrepreneurs who succeed are accomplishers. They have a "need to succeed," as psychologists refer to them. They strive for excellence not just for the sake of reputation or money, but for the sake of excellence.
• Opportunity seeker


  If an entrepreneur recognizes and seizes new business opportunities and seizes unique opportunities to obtain financing, machinery, property, and work space, as well as assistance, he is considered a successful opportunity seeker.
• Perseverance


  • Persistent individuals are those who do not give up easily. Takes multiple steps to overcome an obstacle, makes personal sacrifices or exerts extraordinary effort to complete a task, persists in his decisions in the face of opposition or early failure
• Adherence to the Work Contract

  • The entrepreneur keeps his word and is committed to the task at hand. When he accepts a job, he assumes complete responsibility for its completion. He will bear the brunt of the blame if he fails.
• Taking Chances


  • A gambler is someone who takes numerous risks and frequently loses all of their money. A businessperson, on the other hand, is not a gambler. When an entrepreneur believes his chances of success are high, he takes calculated, moderate, or fair risks. In other words, he indicates that he prefers low-risk situations.
• Need for quality and performance


  • True entrepreneurs will not be satisfied with mediocre results. He holds himself to an exceptionally high standard of excellence. He acts to meet or exceed current quality expectations or to build on prior success as a result of his high level of performance.